What I Point out Apropos of Henry Kravis of Kohlberg, Kravis, Roberts & Co
26 January 2010Kohlberg, Kravis, Roberts & Co (KKR) was established in the 1970’s and orginally their specialty was in leveraged buyouts. However, they have launched a unique green enterprise which focuses not solely on how much profit they can make, but in addition on the environmental impact of the companies they buy. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces last year environmental issues in the business community became a hot topic. These companies aims to tackle a few fundamental matters impeding the environment, for example water pollution, hazardous waste, immeasurable consumption of water resources, and hazardous chemical use.
Eco-efficiency (a phrase initially introduced by the World Business Council for Sustainable Development) has forged their mission’s framework, utilizing ecologically sustainable policies like improving fuel economy through vehicle fleet maintenance, fuel economy and increasing the durability of products. Although the program was a colossal success, people simply did not realize how fantastic the consequences actually were until Ken Mehlman, the head of the program and global public affairs, examined the first year’s profits.
Much to everybody’s surprise, Ken found that this program not only helped in preserving the local environment, but also increased the profits from every last company as well. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost every associated business actively taking part in eco-efficiency techniques. Yet, when you consider that the group has a current portfolio estimated at $86 billion, you can be sure this wasn’t a simple see what an enormous feat this is. The original program now includes new and groundbreaking enterprises. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program a venture that instructs students studying for a Master’s in Business Administration how to introduce cost-efficient, green techniques. More recently, Ken Mehlman has worked closely with KKR to develop a package of analytical tools that firms can employ to quantify resources. Products such as these can evaluate a company’s environmental impact and identify any problem areas. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green more attractive for companies all over the country. These innovations have simplified the procedure for business organizations in every sector and illustrated that making profits need not entail the hefty price of negatively impacting our planet.
top